Reliance Total Liab vs Long Term Debt Analysis
RS Stock | USD 290.62 1.51 0.52% |
Reliance Steel financial indicator trend analysis is much more than just breaking down Reliance Steel Aluminum prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Reliance Steel Aluminum is a good investment. Please check the relationship between Reliance Steel Total Liab and its Long Term Debt accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliance Steel Aluminum. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
Total Liab vs Long Term Debt
Total Liab vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Reliance Steel Aluminum Total Liab account and Long Term Debt. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Reliance Steel's Total Liab and Long Term Debt is 0.83. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Reliance Steel Aluminum, assuming nothing else is changed. The correlation between historical values of Reliance Steel's Total Liab and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of Reliance Steel Aluminum are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Total Liab i.e., Reliance Steel's Total Liab and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Long Term Debt
Long-term debt is a debt that Reliance Steel Aluminum has held for over one year. Long-term debt appears on Reliance Steel Aluminum balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Reliance Steel Aluminum balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Most indicators from Reliance Steel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Reliance Steel Aluminum current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliance Steel Aluminum. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. At this time, Reliance Steel's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 8.55 in 2024, whereas Tax Provision is likely to drop slightly above 270.8 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 4.5B | 5.3B | 4.3B | 4.5B | Total Revenue | 14.1B | 17.0B | 14.8B | 15.5B |
Reliance Steel fundamental ratios Correlations
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Reliance Steel Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Reliance Steel fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 8.1B | 8.1B | 9.5B | 10.3B | 10.5B | 11.1B | |
Short Long Term Debt Total | 1.8B | 1.9B | 1.9B | 1.9B | 1.4B | 1.2B | |
Other Current Liab | 282.9M | 296.7M | 547.5M | 402.2M | 376.8M | 192.0M | |
Total Current Liabilities | 675.3M | 613M | 1.1B | 1.4B | 843.6M | 518.0M | |
Total Stockholder Equity | 5.2B | 5.1B | 6.1B | 7.1B | 7.7B | 8.1B | |
Property Plant And Equipment Net | 2.0B | 2.0B | 2.1B | 2.2B | 2.5B | 2.6B | |
Net Debt | 1.6B | 1.2B | 1.6B | 691.9M | 297.1M | 282.2M | |
Retained Earnings | 5.2B | 5.2B | 6.2B | 7.2B | 7.8B | 8.2B | |
Accounts Payable | 275M | 259.3M | 453.9M | 412.4M | 410.3M | 235.3M | |
Cash | 174.3M | 683.5M | 300.5M | 1.2B | 1.1B | 1.1B | |
Non Current Assets Total | 5.1B | 5.0B | 5.4B | 5.4B | 5.8B | 6.1B | |
Non Currrent Assets Other | 89.3M | 115.5M | 129.2M | (349.8M) | 136.3M | 143.1M | |
Cash And Short Term Investments | 174.3M | 683.5M | 300.5M | 1.2B | 1.1B | 1.1B | |
Net Receivables | 1.1B | 928.4M | 1.7B | 1.6B | 1.5B | 1.6B | |
Common Stock Shares Outstanding | 67.9M | 65.3M | 64.3M | 61.5M | 59.0M | 70.5M | |
Liabilities And Stockholders Equity | 8.1B | 8.1B | 9.5B | 10.3B | 10.5B | 11.1B | |
Non Current Liabilities Total | 2.2B | 2.4B | 2.4B | 1.9B | 2.0B | 1.5B | |
Inventory | 1.6B | 1.4B | 2.1B | 2.0B | 2.0B | 1.0B | |
Other Current Assets | 85.2M | 80.5M | 111.6M | 115.6M | 140.4M | 147.4M | |
Total Liab | 2.9B | 3.0B | 3.4B | 3.2B | 2.8B | 2.0B | |
Total Current Assets | 3.0B | 3.1B | 4.2B | 4.9B | 4.8B | 5.0B | |
Short Term Debt | 117.4M | 57M | 63.6M | 560.7M | 56.5M | 82.6M | |
Property Plant And Equipment Gross | 2.0B | 2.0B | 3.8B | 4.3B | 4.7B | 5.0B | |
Accumulated Other Comprehensive Income | (105.1M) | (77.9M) | (68.9M) | (86.3M) | (76.7M) | (72.9M) | |
Intangible Assets | 1.0B | 947.1M | 1.1B | 1.0B | 981.1M | 779.2M | |
Common Stock Total Equity | 594.6M | 136.4M | 122.2M | 100K | 90K | 85.5K | |
Common Stock | 594.6M | 136.4M | 122.2M | 100K | 90K | 85.5K | |
Other Assets | 89.3M | 320M | 129.2M | 126.8M | 1.0 | 0.95 | |
Long Term Debt | 1.5B | 1.6B | 1.6B | 1.1B | 1.1B | 1.3B | |
Good Will | 2.0B | 1.9B | 2.1B | 2.1B | 2.1B | 1.4B | |
Property Plant Equipment | 1.8B | 1.8B | 2.1B | 2.2B | 2.5B | 1.3B | |
Other Liab | 568.6M | 578.1M | 572.8M | 554.1M | 637.2M | 350.2M | |
Net Tangible Assets | 2.3B | 2.4B | 2.9B | 4.0B | 4.6B | 4.8B | |
Noncontrolling Interest In Consolidated Entity | 7.9M | 7.5M | 7.3M | 7.2M | 6.5M | 12.3M | |
Retained Earnings Total Equity | 4.6B | 5.2B | 5.2B | 6.2B | 7.1B | 4.3B | |
Long Term Debt Total | 1.5B | 1.6B | 1.6B | 1.1B | 1.3B | 1.8B | |
Deferred Long Term Liab | 440.1M | 469.3M | 455.6M | 484.8M | 436.3M | 413.8M |
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When determining whether Reliance Steel Aluminum is a strong investment it is important to analyze Reliance Steel's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Reliance Steel's future performance. For an informed investment choice regarding Reliance Stock, refer to the following important reports:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliance Steel Aluminum. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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When running Reliance Steel's price analysis, check to measure Reliance Steel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Reliance Steel is operating at the current time. Most of Reliance Steel's value examination focuses on studying past and present price action to predict the probability of Reliance Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reliance Steel's price. Additionally, you may evaluate how the addition of Reliance Steel to your portfolios can decrease your overall portfolio volatility.
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Is Reliance Steel's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Reliance Steel. If investors know Reliance will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Reliance Steel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.19) | Dividend Share 4.1 | Earnings Share 21.45 | Revenue Per Share 249.942 | Quarterly Revenue Growth (0.08) |
The market value of Reliance Steel Aluminum is measured differently than its book value, which is the value of Reliance that is recorded on the company's balance sheet. Investors also form their own opinion of Reliance Steel's value that differs from its market value or its book value, called intrinsic value, which is Reliance Steel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Reliance Steel's market value can be influenced by many factors that don't directly affect Reliance Steel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Reliance Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Reliance Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Reliance Steel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.